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Wholesale pork prices rose in July on seasonal demand, with a very tight spot market driven by big Mexico orders and lower slaughter. Bellies trended higher and bacon prices fell sharply at month end, while producer hog carcass weights remain heavy.
Heavy carcass weights and expected fall supply increases point to softer hog prices later, which lowers the cost of pork-derived feed ingredients such as MBM over time.
porkcheckoff.orgJul 29, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
